Mega First Corporation Berhad (MFCB) is a diversified company operating in 3 main divisions – Power Generation, Resources and Property Development and Investment. The Group operates mainly in Malaysia and the People’s Republic of China.

MILESTONES

1966

Incorporated in Malaysia on 25 April.

1969

Converted to a Public Company on 31 December.

1970

Listed on Kuala Lumpur Stock Exchange (KLSE) on 11 August.

1990

Adopted present name, MFCB on 15 March.

Completed restructuring through the emergence of a white knight. MFCB’s principal business then were quarrying of limestone in Baling (via Lime & Lime Products Sdn Bhd) and Simpang Pulai (via Syarikat Cheng Sun Quarry Sdn Bhd) and trading and distribution of industrial, agro and petroleum based products (via Perusahaan Kimia Gemilang Sdn Bhd (PKG)). PKG was disposed off in February 1992.

Signed the Project Development Agreement for the Don Sahong Hydropower Project in Champasak Province, Laos (Don Sahong Project). The Don Sahong Project is a run-of-river hydropower project which will have a capacity of 256MW.

Entered into Shareholders Agreement with IJM Corporation Berhad to set up a joint venture to hold together with the Government of Laos and other investors, the shares in a project company that will be undertaking the development and operation of the Don Sahong Project.

Exited from the automotive components business in South Africa.

2010

Increased shareholding in Hexachase Corporation Sdn Bhd (Hexachase) from 50% to 52.38%. Hexachase became a subsidiary on 6 April.
Signed the Memorandum of Undertaking with Electricite Du Laos, Lao People's Democratic Republic (EDL), for the Don Sahong Project.
MFCB became a substantial shareholder of Jadi Imaging Holdings Berhad.
Acquired from IJM Corporation Berhad its interest in the Don Sahong Project.

2012

Acquired 100% equity interest in Anting Sendirian Berhad and Sri Anting Sdn. Bhd.
Completed the take-over offer to acquire all the remaining interests in RCI, which resulted in RCI becoming a 100%-owned subsidiary. On 11 April 2013, RCI converted from public company to private company and has adopted Rock Chemical Industries (Malaysia) Sdn. Berhad as its new name.

2013

Obtained approval from the Royal Government of Cambodia for the concession of a plot of land measuring 9,477 hectares situated in the Namlear Wildlife Sanctuary Zone, Mondulkiri Province, Kingdom of Cambodia primarily for the development and cultivation of rubber. Signed the Tariff Memorandum of Understanding with EDL for the Don Sahong Project.